The valve positioner market was USD 1,820 million in 2022, and it is projected to reach USD 2,783 million by 2030, propelling at a rate of 5.45% during the projected period as per a report by a market research company, P&S Intelligence.
This has a lot to do with the rising industrialization and population, mainly in urban areas of some of the emerging nations, and the growing usage of valve positioners for various plant operations.
valve positioners play a vital role in maintaining precise pressure levels and providing accurate positioning control over systems, this is crucial in industrial procedures, such as treatment and manufacturing.
The digital category dominates the valve positioner market. This is because of the deployment and introduction of automated solutions, as it creates a link between the valve and the system.
The fastest growth is projected in the water & waste treatment industry during 2022–2030. The industry primarily contains wastewater management operations, water treatment, and supply of water.